The change in cost resulting from producing one additional unit of output is
A)average total cost
B)total variable cost
C)average variable cost
D)marginal cost
E)total cost

Question

Quizplus · Accepted Answer

The change in cost resulting from producing one additional unit of output is known as Marginal Cost (MC). Marginal cost is the additional cost incurred to produce the next unit of output. Hence, option D is the correct choice. Options A, B, C, and E are not correct, as they represent different types of cost measurements.

The Change in Cost Resulting from Producing One Additional Unit